Aalo Atomics has raised $100 million to focus on developing small modular reactors tailored for data centers amidst the AI boom. Co-founders Matt Loszak and Yasir Arafat launched the startup in 2023, emphasizing the production of the Aalo Pod, a compact reactor capable of powering a data center or about 50,000 homes. Valor Equity Partners led the funding round, with contributions from multiple investors, highlighting the industry's blur between AI advancements and energy needs. Aalo aims to challenge misconceptions surrounding the safety and effectiveness of nuclear power as a viable energy solution.
When we started the company, we had data centers high up on our list. Very rapidly, we were like, 'OK, we have to focus the entire company around this.'
Collection
[
|
...
]